Oaktree Capital Group (OAK) Reports Q3 Loss Per Share of $0.69
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Oaktree Announces Third Quarter 2015 Financial Results
October 29, 2015 8:31 AM EDTAssets under management were $100.2 billion as of September 30, 2015, down 3% for the quarter on market-value declines amid weaker financial markets and up 8% year-over-year primarily on new capital commitments to closed-end funds. Gross capital raised of $2.7 billion for the third quarter and $22.6 billion for the trailing 12 months resulted in uncalled capital commitments and future potential management fee-generating assets under management of $20.1 billion and $17.2 billion, respectively, as of September 30, 2015. Adjusted net income declined to $20.6 million, or $0.11 per Class A unit, for the third quarter of 2015, from $95.1 million, or... More
